Moody's Investors Service has said that the federal budget sequestration's planned reduction of interest rate subsidies on Build America Bonds is a credit negative for municipal issuers.

U.S. municipalities and states issued approximately $200 billion of BABs in 2009 and 2010.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.